The Bears Have tasted the Blood.
After the US Downgrade we saw the Gap Down a Powerful Rally and then again to close deep in the Red that too below 5197 - 5180. Technically the Target comes around : :
5197 - 5497 + 5197 = 4897
This does not mean that intermittent rallies will not be there but as such the target remains the same.
Resistance Lies at 5133 and then at the gap area of 5211.On the downside since we have closed below 5197 and below it the Support Lies deep down at 4500. Before that 4897-4847 is the intermittent support.
Chalte Chalte S&P is thinking to downgrade India and Japan .. If that happens ... I will discuss in detail tomorrow.
After the US Downgrade we saw the Gap Down a Powerful Rally and then again to close deep in the Red that too below 5197 - 5180. Technically the Target comes around : :
5197 - 5497 + 5197 = 4897
This does not mean that intermittent rallies will not be there but as such the target remains the same.
Resistance Lies at 5133 and then at the gap area of 5211.On the downside since we have closed below 5197 and below it the Support Lies deep down at 4500. Before that 4897-4847 is the intermittent support.
Chalte Chalte S&P is thinking to downgrade India and Japan .. If that happens ... I will discuss in detail tomorrow.
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